Welcome to our dedicated page for Currenc Group news (Ticker: CURR), a resource for investors and traders seeking the latest updates and insights on Currenc Group stock.
Currenc Group Inc (CURR) delivers cutting-edge fintech solutions through its interoperable digital banking platform. This news hub provides investors and financial professionals with timely updates on strategic developments shaping the future of real-time payments and secure financial messaging.
Access curated press releases and analysis covering earnings reports, partnership announcements, product innovations, and regulatory milestones. Our repository helps stakeholders track the company's progress in enabling frictionless transactions for global institutions and merchants.
Key coverage areas: quarterly financial results, e-wallet feature updates, cross-border payment network expansions, and cybersecurity enhancements. Bookmark this page to monitor how CURR continues advancing integrated financial infrastructure through its instant fund transfer capabilities and communication tools.
Currenc Group (Nasdaq: CURR) entered a non-binding term sheet to acquire 100% of Animoca Brands via a proposed reverse merger, creating a Nasdaq-listed digital assets conglomerate focused on digital asset investments, RWA tokenization, and blockchain applications.
Under the proposal Animoca shareholders would own ~95% of the combined company and Currenc shareholders ~5%; Currenc expects to authorize a dual-class share structure and the resulting entity would operate under the Animoca Brands name. Closing is expected in 2026, subject to due diligence, definitive agreements, shareholder and regulatory approvals, and stock exchange consents. Currenc intends to spin off its AI and remittance businesses to current shareholders prior to closing.
Currenc (Nasdaq: CURR) agreed to issue up to $33.0 million unsecured convertible notes due October 8, 2027, which after fees would provide $30.0 million if fully funded. An initial $4.4 million principal closed with $4.0 million net proceeds. Notes bear 5.00% interest, convert at an initial $1.85 per share, include 50% warrant coverage at $1.85, and carry a 10% prepayment premium. Proceeds will be used for general corporate purposes. The company will file a registration statement within 60 days after each closing.
Currenc Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, announced a significant leadership change. Founder and Executive Chairman Alex Kong will return as CEO, replacing Dr. Ronnie Hui who has stepped down from the position.
Kong, who previously served as CEO, will focus on accelerating the company's growth initiatives and expanding its global AI ecosystem. The transition aims to strengthen Currenc's position in digital remittance and AI-powered financial solutions, building upon Dr. Hui's contributions during his tenure.
Currenc Group (Nasdaq: CURR) announced a significant $54.6 million Shares-for-Debt Transaction with its Founder and Executive Chairman, Alex Kong, and controlling shareholder Regal Planet Limited. The company will issue 35,653,995 ordinary shares at $1.53 per share to settle outstanding related party loans totaling approximately $54.55 million.
The transaction will completely eliminate the debt owed to Kong and Regal Planet from Currenc's balance sheet. The conversion price of $1.53 per share was based on Nasdaq's closing price prior to the agreement. The shares will be issued under Securities Act exemption and are subject to resale restrictions.
Currenc Group (Nasdaq: CURR) announced a significant $54.6 million Shares-for-Debt Transaction with its Founder and Executive Chairman, Alex Kong, and Regal Planet Limited. The transaction involves issuing 35,653,995 ordinary shares to settle approximately $54.5 million in outstanding related party loans as of July 22, 2025.
The strategic move completely eliminates these debts from Currenc's balance sheet while aligning the Chairman's interests with shareholders. The shares were issued under Securities Act exemption and are subject to resale restrictions. This transaction demonstrates the Executive Chairman's confidence in the fintech company's future growth prospects.
Currenc Group (Nasdaq: CURR) reported mixed Q2 2025 financial results, with its core remittance business showing growth while airtime services declined. The company's Total Processing Value (TPV) through Tranglo increased 6.9% YoY to $1.46 billion, with transactions rising to 3.1 million from 2.9 million in 2024.
Total revenues excluding TNG Asia and GEA decreased 10.3% to $8.7 million, primarily due to declining airtime revenues. However, remittance revenues grew 8.3% to $5.2 million, with an improved take rate of 0.36%. The company reported a net loss of $5.0 million, largely due to $2.2 million in SPAC merger-related incentive shares and $1.0 million in AI initiative investments.
Currenc is strategically shifting focus from airtime transfers to expanding its AI product offerings for financial institutions, aiming to create a more diverse revenue mix and improve long-term profitability.
Currenc Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, has initiated an investigation into suspected illegal naked short selling of its shares. The company has partnered with Shareholder Intelligence Services (ShareIntel) to monitor and investigate potential trading irregularities.
ShareIntel's proprietary DRIL-Down™ technology will be used to analyze trading patterns, monitor repository data, and enhance trading surveillance. Currenc plans to pursue regulatory and legal actions if evidence of market manipulation is found, demonstrating its commitment to protecting shareholder value amid its global expansion efforts.
CURRENC Group (Nasdaq: CURR) has announced a strategic partnership with Galaxy Payroll Group (Nasdaq: GLXG) to develop AI-powered HR solutions for CURRENC's "AI Staff for Hire" platform. The collaboration will produce two new modules: AI HR Manager for streamlining internal HR operations and AI Recruitment Manager for optimizing recruitment processes.
The AI HR Manager will handle employee onboarding, performance monitoring, and data management, while the AI Recruitment Manager will focus on candidate screening and interview scheduling. These modules will integrate with existing business workflows to enable quick implementation and adoption across the financial industry.
CURRENC Group Inc. (NASDAQ: CURR) reported its full year 2024 financial results, marked by mixed performance and strategic transformation into AI solutions. The company's Total Processing Value (TPV) through Tranglo increased by 13.2% to US$5.14 billion, while total revenues excluding TNG Asia and GEA decreased by 3.4% to US$42.0 million.
Key financial metrics include: remittance revenue growth of 6.4% to US$18.2 million, global airtime revenue decline of 23.8% to US$9.3 million, and gross profit margin improvement to 31% from 28% in 2023. The company reported a net loss of US$38.8 million for 2024.
Strategic initiatives launched in 2024-2025 include:
- SEAMLESS AI Call Centre Solutions
- Plans for a 500MW hyperscale AI data center in Malaysia
- Partnership with ARC Group for a $100 million AI-Focused Fund
- Launch of 'AI Staff for Hire' platform
- Contract with Coin Cove for AI-powered banking services
FAQ
What is the current stock price of Currenc Group (CURR)?
What is the market cap of Currenc Group (CURR)?
